Recently contacted my conveyancing lawyer in Goddington who completed the legal work 18 months ago asking for a conveyancing quote based on an identical type of home move (a leasehold property and a freehold premises) of similar values with a loan from Nottingham Building Society. I am now being charged double. Am I right to be tempted to shop around for a cheaper internet firm of conveyancing solicitor?
The estimate fees seem a little high. If you are prepared to invest time contrasting quotes you may be able to get the conveyancing a bit cheaper by as much as £100 plus VAT. That being said, if you were happy with the conveyancing the firm offered you maylive to rue choosing an an untested conveyancer. Don't forget to check the solicitor can also act for Nottingham Building Society. You can make use of our search tool to locate a Goddington conveyancing firm on the Nottingham Building Society approved list of lawyers, which can often include conveyancing solicitors in Goddington.
The owners of the home we are purchasing have instructed a conveyancing solicitor in Goddington who has insisted on a exclusivity agreement with a payment of 5k. Is it wise to enter into such agreements?
There are a couple of main drawbacks with executing a lock out contract (sometimes referred to as an exclusivity agreement) is that it diverts attention away from progressing with the conveyancing process, so in the absence of it needing little or no negotiation then it may transpire to be a cause of frustration and delay. It is not strongly advocated amongst Goddington conveyancing practitioners as a result. The other main negative is the extent of the remedies available - an aggrieved buyer is not likely to win injunctive relief to prevent the vendor completing the sale to a third party, so the only remedy available under the agreement will be the reimbursement of abortive charges and, in restricted circumstances, the extra payment of penalties.
Do I have to attend the offices of the solicitor to execute the legal charge? If so, I will appoint a lawyer who conducts conveyancing in Goddington so that I can attend their offices if necessary.
Whereas this was necessary twenty years ago, the vast majority banks no longer require their conveyancing panel lawyer to witness the borrowers signature. You will still be obliged to hand over identification documents and there are still manifest benefits to using a locally based practitioner, in your case a conveyancing solicitor in Goddington.
Forgive me if this question is silly but I am wet behind the ears as FTB of a two bedroom flat in Goddington. Do I pick up the keys to the premises on the completion date from my conveyancer? If so, I will use a local conveyancing solicitor in Goddington?
On the day of completion you do not need to go to the conveyancers office in Goddington. Your solicitors will arrange to send the purchase money to the seller's lawyers, and once they have received this, you will be called to receive the keys from the Estate Agents and start moving into the property. This tends to happen early afternoon.
It is not clear whether my bank requires a lease extension. I have called my Goddington bank branch on a couple of occasions and was told they are content with the situation and they would lend. My Goddington conveyancing solicitor - who is on the lender conveyancing panel- telephoned and was told they refuse to lend based on their published requirements. I simply don't know who is right.
Your solicitor has to comply with the Council of Mortgage Lenders’ Handbook Part 2 conditions for your bank. Unless your lawyer obtains specific confirmation in writing that the mortgage company will go ahead, your lawyer has no choice but to refrain from exchanging contract and committing you to the purchase. We would suggest that you ask the bank to contact your lawyer in writing confirming that they will accept the number of years remaining.
After weeks of negotiation I have agreed a price on a house in Goddington. My financial adviser pressured me to appoint their solicitor. I paid an on account payment of £200. Soon after, the solicitor called me sheepishly admitting that they were not on the Leeds Building Society conveyancing panel. Am I right in thinking that I should be due a refund?
You should be able to recover this from the law firm if they were not on the Leeds Building Society panel. They should have asked at the outset which lender you were obtaining a mortgage with. An important lesson to readers of this site is to check that the lawyers are on the appropriate lender panel.
I have been told that property searches are a common cause of delay in Goddington house deals. Is this right?
The Council of Property Search Organisations (CoPSO) has noted the conclusions of research by MoveWithUs that conveyancing searches do not figure amongst the most frequent causes of hindrances during the legal transfer of property. Local searches are unlikely to be the root cause of slowing down conveyancing in Goddington.
Given that I will soon spend 450k on a terraced house in Goddington I would like to talk to a conveyancer concerning theconveyancing before instructing the firm. Is this something that you can arrange?
We could not agree more - it is our preference to talk to you we do not take any clients on without you liaising with the solicitor due to be doing your property ownership legalities in Goddington.There is no ‘factory style conveyancing’ - every client is an important person, not a case number. The practices that we put you in touch with believe that the figure you are calculated and presented to you for your conveyancing in Goddington should be the amount on the final invoice that you end up paying.